Buyers of first resort - Works in Progress
There should be Retroactive Public Goods Funding for those founders crazy enough to try something truly new that failed as a business but succeeded in creating useful mutations, maybe even ticker tape parades, and certainly not derision.
Venture capital actually does a pretty great job here (the beauty of the model is a subject for a future piece, ... See more
Venture capital actually does a pretty great job here (the beauty of the model is a subject for a future piece, ... See more
Packy McCormick • The Experimentation Layer
Economic theories of contract and property rights are clear that the more complicated a product is, the greater the likelihood of asymmetries of information, whereby the seller – say a private provider of prison services – has more information than the buyer, the government.
Mariana Mazzucato • Mission Economy: A Moonshot Guide to Changing Capitalism
There are fundamental differences in the crypto- vs. tech-native theories of change. Tech focuses on hiring top talent, but borrows similar reward structures from both science and startups today. Crypto takes a more diffuse, networked approach to attracting talent and is more willing to reimagine basic structures like patents, IP, and even research... See more
Nadia Asparouhova • Understanding science funding in tech, 2011-2021
Johnson and others wrote persuasively that this failure exemplified the need to reform how the federal government manages contracts for IT services.
Joel Gurin • Open Data Now: The Secret to Hot Startups, Smart Investing, Savvy Marketing, and Fast Innovation (Business Books)
Investing in science and technology education and research and supporting domestic tech businesses create a positive feedback loop where governments have a direct stake in state-of-the-art technology, poised to capitalize on benefits and stamp down harms. Put simply, as an equal partner in the creation of the coming wave, governments stand a better
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